The Multifamily Securities Investor Access tool on Freddie Mac’s website is designed to increase transparency and save investors time by providing easy access to all post-securitization data from investor reporting packages for the securities underlying the related series of K Certificates.
The tool will be available on January 17 to anyone who completes a simple registration process that includes name, phone number, email and company name.
Investor Access features will include:
Information from all master servicers/trustees in the industry standard Commercial Real Estate Finance Council Investor Reporting Package (CREFC IRP„¢) format.
Preliminary term sheets, offering circular supplements, and deal and property level data.
Downloadable standard reports.
Data on more than 1,300 loans, supporting about $22 billion in securities.
“Investors want transparency and easy access to investment information. This new tool should enable anyone to easily track and analyze data for all our K-Deals,” says David Brickman, Senior Vice President of Freddie Mac Multifamily. “We are making all the relevant information on our K-Deals freely accessible on a public website to eliminate the need for investors to go to each trustee or third party to get the standard investor reporting information.”
Freddie Mac had 12 K-Deal offerings in 2012, representing almost $14 billion. The company issues K Certificates approximately once a month.
SOURCE: Freddie Mac
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